Central Pacific Bank Trust Division Cuts Stock Position in Motorola Solutions, Inc. (NYSE:MSI)

Central Pacific Bank Trust Division trimmed its position in shares of Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 29.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,858 shares of the communications equipment provider's stock after selling 1,592 shares during the quarter. Central Pacific Bank Trust Division's holdings in Motorola Solutions were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Insight Wealth Strategies LLC raised its position in shares of Motorola Solutions by 1.4% during the first quarter. Insight Wealth Strategies LLC now owns 10,207 shares of the communications equipment provider's stock worth $4,469,000 after acquiring an additional 143 shares during the last quarter. Cullen Investment Group LTD. raised its position in shares of Motorola Solutions by 7.4% during the first quarter. Cullen Investment Group LTD. now owns 23,460 shares of the communications equipment provider's stock worth $10,271,000 after acquiring an additional 1,618 shares during the last quarter. 111 Capital bought a new position in shares of Motorola Solutions during the fourth quarter worth about $1,469,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Motorola Solutions during the fourth quarter worth about $114,812,000. Finally, Ascent Group LLC raised its position in shares of Motorola Solutions by 9.1% during the fourth quarter. Ascent Group LLC now owns 1,625 shares of the communications equipment provider's stock worth $751,000 after acquiring an additional 136 shares during the last quarter. 84.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSI. Barclays lowered their price objective on Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley raised their price objective on Motorola Solutions from $495.00 to $505.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Wall Street Zen downgraded Motorola Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.25.

Motorola Solutions Stock Down 0.7%

Motorola Solutions stock traded down $2.89 during mid-day trading on Friday, reaching $415.54. The stock had a trading volume of 3,176,673 shares, compared to its average volume of 802,284. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.13 and a current ratio of 1.28. Motorola Solutions, Inc. has a fifty-two week low of $360.79 and a fifty-two week high of $507.82. The stock's 50-day simple moving average is $420.90 and its 200-day simple moving average is $446.81. The firm has a market capitalization of $69.36 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98.

Motorola Solutions (NYSE:MSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 EPS for the quarter, beating analysts' consensus estimates of $3.01 by $0.17. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current fiscal year.

Motorola Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.36 dividend on an annualized basis and a yield of 1.05%. Motorola Solutions's dividend payout ratio (DPR) is presently 36.39%.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.